Quote of the day

Brett Steenbarger, “The value of information filters is that they minimize distractions and interruptions from sources with low signal-to-noise ratios.”  (TraderFeed)

Chart of the day


Crude oil is weakening.  (Kimble Charting)


Pros are betting against this market while amateurs load up.  (The Reformed Broker)

The highest dividend yields by country.  (Bespoke)

Forward earnings continue to tick higher.  (Dr. Ed’s Blog)

Copper prices are perking up.  (Dragonfly Capital)

Why our expectations run the markets.  (A Wealth of Common Sense)

The Fed is now talking down markets.  (Focus on Funds)


Why you should distinguish between bubbles and manias.  (TraderFeed)

At some point market bears just get worn out.  (Vitaily Katsenelson)

100% of investors make mistakes.  (Pragmatic Capitalism)

Comparing simple and complicated models to forecast long-term stock market returns.  (Alpha Architect)

The Secret Club That Runs the World by Kate Kelly is a “very good book.”  (Aleph Blog)


Equity research is declining in quality.  (Digits to Dollars)

The rush to tax inversions makes for strange bedfellows.  (Dealbook)

Why you should expect more tax inversions in pharma.  (Dealbook)


Simon Lack, “For the investor, it’s not a bad rule to simply eliminate from consideration any investment manager not personally and significantly invested in his own strategy.”  (SL Advisors)

All is not well between Pimco and bond bigfoot Bill Gross.  (WSJ)

On the differences between high yield bonds and bank loans.  (ETF)

Calamos ($CLMS) is getting into ETFs in a transparent fashion.  (Focus on Funds)

Yet another year in which active management doesn’t pay off.  (The Reformed Broker)


Can China manage its own economic deceleration?  (FT Alphaville)

Investors can’t get enough Aussie bonds.  (WSJ)

The Australian and Canadian dollar are no longer all that correlated.  (FT)

Earlier on Abnormal Returns

What you might have missed in our Monday linkfest.  (Abnormal Returns)

Mixed media

We are underestimating the effect of car sharing and self-driving cars.  (Seth Godin)

Fantasy sports are looking more like Wall Street every day.  (MoneyBeat)

The value-of-practice debate just shifted towards talent.  (NYTimes also EconLog)

You can support Abnormal Returns by shopping at Amazon. Don’t forget to follow us on StockTwits and Twitter.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.